Solstice Gold (CVE:SGC) Shares Down 24% – Here’s Why

Solstice Gold Corp. (CVE:SGC)’s stock price dropped 24% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 668,783 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 514,388 shares. The stock had previously closed at C$0.13.

Solstice Gold Stock Performance

The stock has a 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.07. The company has a quick ratio of 6.94, a current ratio of 4.36 and a debt-to-equity ratio of 10.89. The company has a market cap of C$24.04 million, a price-to-earnings ratio of -15.83 and a beta of 2.36.

About Solstice Gold

Solstice Gold Corp. engages in the exploration for and development of mineral resource properties in Ontario and Nunavut, Canada. It primarily explores for gold and lithium deposits. The company was formerly known as Dunnedin Gold Inc and changed its name to Solstice Gold Corp. in September 2017. Solstice Gold Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.